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CoreWeave to acquire Core Scientific in $9 billion all-stock deal

1. CoreWeave is acquiring Core Scientific for approximately $9 billion in stock. 2. CoreWeave stock declined 4% while Core Scientific fell 20% after the announcement. 3. The acquisition promises $10 billion in future lease savings and efficiency gains. 4. CoreWeave gains access to 1.3 gigawatts of critical data center capacity. 5. Shareholders will receive 0.1235 CoreWeave shares for each Core Scientific share.

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FAQ

Why Bullish?

The strategic acquisition enhances CoreWeave’s infrastructure, aligning with market trends towards data access.

How important is it?

The acquisition fundamentally changes CoreWeave’s operational capacity and market positioning, indicating significant future growth potential.

Why Long Term?

Long-term benefits from increased capacity and efficiency should stabilize and elevate prices over time.

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